Plan for Thai hotels
Italthai Group prepares a recapitalisation plan for its hotel business in Thailand to stem the impact of the pandemic because a full recovery is not expected for 5 years.
PHUKET: With the pandemic ravaging the tourism industry and slowing the property market on the islands, a local developer is pivoting to a guaranteed yield strategy, aiming to sell to buyers and rent to uncertain workers.
Magnolia Quality Development Corporation (MQDC), one of Thailand’s leading property developers, will commence official sales of its flagship development project - The Forestias - worth 125 billion baht on May 8 with special pricing offered until May 15.
Italthai Group prepares a recapitalisation plan for its hotel business in Thailand to stem the impact of the pandemic because a full recovery is not expected for 5 years.
The government is set to roll out the 2nd phase of the One Million Houses low-cost housing scheme worth B30-50bn with a fixed rate of 2% to stimulate the property sector.
PHUKET: With the pandemic ravaging the tourism industry and slowing the property market on the islands, a local developer is pivoting to a guaranteed yield strategy, aiming to sell to buyers and rent to uncertain workers.
Magnolia Quality Development Corporation (MQDC), one of Thailand’s leading property developers, will commence official sales of its flagship development project - The Forestias - worth 125 billion baht on May 8 with special pricing offered until May 15.
Italthai Group prepares a recapitalisation plan for its hotel business in Thailand to stem the impact of the pandemic because a full recovery is not expected for 5 years.
The government is set to roll out the 2nd phase of the One Million Houses low-cost housing scheme worth B30-50bn with a fixed rate of 2% to stimulate the property sector.
Entering the power plant business is part of a plan to enhance the SET-listed firm's core business.
As demand for self-built homes remains strong, particularly in the high-end segment, homebuilder Landy Home (Thailand) is aiming for sales growth of 15% to 2.4 billion baht this year.
Central Pattana Plc (CPN) has increased the portion of its investment budget for the Dusit Central Park joint development project with Dusit Thani.
A total of 10 SET-listed commercial banks have announced dividend payments for 2020 under the Bank of Thailand's guided dividend payment policy to maintain a solid capital buffer for the commercial banking industry.
Singha Estate Pcl aims to triple annual revenue to around 20 billion baht in three years and grow assets to 80 billion from 65 billion baht at the end of 2020.
Chinese-owned, Hong Kong-based developer Risland Thailand will take a wait-and-see approach on the Thai property market this year.
